<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 3816         </title>
<shortdesc>INC TX-ILLINOIS SOURCES</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Don Harmon</sponsors>
</sponsor>
<lastaction>
<statusdate>1/10/2023</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>35 ILCS 5/203</reference><aliasreference>from Ch. 120, par. 2-203</aliasreference><SynopsisText>Amends the Illinois Income Tax Act. Provides that, when calculating the taxpayer's base income, the taxpayer's federal adjusted gross income shall be modified to exclude the portion of the income or loss received from a trade or business conducted within and without Illinois or from a pass-through entity conducting business within and without Illinois that is not derived from or connected with Illinois sources. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/21/2022</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Scott M. Bennett</action>
<statusdate>1/21/2022</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/21/2022</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>2/1/2022</statusdate><chamber>Senate</chamber><action>Assigned to Revenue</action>
<statusdate>2/10/2022</statusdate><chamber>Senate</chamber><action>Rule 3-9(a) / Re-referred to Assignments</action>
<statusdate>12/22/2022</statusdate><chamber>Senate</chamber><action>Chief Sponsor Changed to Sen. Don Harmon</action>
<statusdate>1/10/2023</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

